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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Redcentric Plc | LSE:RCN | London | Ordinary Share | GB00B7TW1V39 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 139.75 | 13,390 | 08:00:23 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 138.00 | 141.50 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computer Related Svcs, Nec | 141.67M | -9.25M | -0.0589 | -23.73 | 219.4M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:24:14 | O | 502 | 139.855 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 07/6/2024 | 10:21 | UK RNS | Cavendish Securities PLC Form 8.5 (EPT/NON-RI) |
| 06/6/2024 | 16:56 | UKREG | WIIT S.p.A - Statement regarding Redcentric plc ("Redcentric") |
| 06/6/2024 | 12:00 | UKREG | Stellar Asset Management Ltd - Form 8.3 - Redcentric Plc |
| 06/6/2024 | 10:25 | UK RNS | Cavendish Securities PLC Form 8.5 (EPT/NON-RI) |
| 05/6/2024 | 14:29 | UK RNS | Puma Investment Management Limited Form 8.3 - Redcentric plc |
| 05/6/2024 | 09:57 | UKREG | Stellar Asset Management Ltd - Form 8.3 - Redcentric Plc |
| 05/6/2024 | 07:00 | UK RNS | Granite Growth 169, LLC Form 8.3 - Redcentric PLC |
| 04/6/2024 | 12:02 | UKREG | Stellar Asset Management Ltd - Form 8.3 - Redcentric Plc |
| 03/6/2024 | 17:56 | UK RNS | ND Capital Investments Ltd Form 8.3 - Redcentric PLC |
| 03/6/2024 | 11:39 | UKREG | Stellar Asset Management Ltd - Form 8.3 - Redcentric Plc |
Redcentric (RCN) Share Charts1 Year Redcentric Chart |
|
1 Month Redcentric Chart |
Intraday Redcentric Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 06/6/2024 | 21:09 | Redcentric - Managed Network Services | 1,107 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 14:24:15 | 139.86 | 502 | 702.07 | O |
| 2024-07-26 14:17:11 | 139.90 | 3,516 | 4,918.88 | O |
| 2024-07-26 13:10:54 | 138.18 | 7 | 9.67 | O |
| 2024-07-26 13:08:43 | 139.90 | 1,655 | 2,315.35 | O |
| 2024-07-26 13:07:15 | 139.90 | 1,357 | 1,898.44 | O |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 by Redcentric Daily Update Redcentric Plc is listed in the Computer Related Svcs, Nec sector of the London Stock Exchange with ticker RCN. The last closing price for Redcentric was 139.75p.Redcentric currently has 156,991,982 shares in issue. The market capitalisation of Redcentric is £219,396,295. Redcentric has a price to earnings ratio (PE ratio) of -23.73. This morning RCN shares opened at - |
Posted at 06/6/2024 17:36 by p1nkfish Cancelled. What happens to price tomorrow? |
Posted at 25/5/2024 23:07 by 74tom An all share offer looks likely given their market cap of €482m, however their valuation is significantly higher than RCN so the premium could be materialWIIT are trading at ~12.5x LTM EV / EBITDA, RCN at close were at 9.9x LTM EV / EBITDA If WIIT value RCN at the same rating as their equity then the upside from here would be ~25% (£1.99) Such a deal would see RCN shareholders own 43% of the combined group on a market cap basis, 40% on an EV basis. Looks plausible However, that's all on last twelve months data, FY25 EBITDA forecasts for RCN are for £40m, on a 12.5 EV/EBITDA multiple that would value them at £2.90, and commanding a ~48% share of the combined EV Bottom line is that both companies are sub scale and a combination would appear to make sense, it would also substantially improve WIIT's debt / EBITDA ratio. Interesting to see what happens |
Posted at 25/5/2024 17:19 by fgump Prospective buyer has a significant encoding debt pile. Wonder how they intend funding this deal? Unless of course management are just hoping that making this announcement encourages someone else. If the bid fails I expect the price to fall further than the average of the last 12 months. |
Posted at 24/5/2024 19:44 by boadicea I am not exactly surprised. (See my musings in 1089 about the lateness of the update - Yes it was late - and the possibility that management had other affairs uppermost in their collective mind.)We can now speculate on whether a deal can be struck and at what price. For a company on an expansion track in a high demand market this has looked too cheap (not alone in that, of course) and I have correspondingly doubled my holding in the past few weeks. That does not make me entirely happy as it looks likely to join the rapidly growing list of promising prospects that have been grabbed from my grasp at a rather modest premium over the past 18 months. Five completed, mostly by SoA (Scheme of arrangement), with a further two (DARK and IQG) only awaiting the formalities. I would assess that at least a dozen of my other holdings are potentially at risk so expect to lose another one, perhaps two or three, of those in coming months. |
Posted at 16/5/2024 08:03 by p1nkfish Good overall but losing 4 larger customers = increased competition and no good reason for them to remain with RCN. Making up the lost profit on reducing cost base is less than ideal. A spoiler on an otherwise very decent year. |
Posted at 14/5/2024 13:44 by boadicea Calendar now says Thursday (16th) for updarte.Trading is horribly thin atm with wide nominal spread. However, don't be fooled by the trades page on advfn. The current buy price is 144p, i.e. below mid, so all trades are accredited as sales whereas they are in fact nearly balanced. PS: Someone just cleared the last available at 144p and that has now become the bid. |
Posted at 05/4/2024 11:00 by boadicea Given bouyant demand in the datacentre field, moderation in energy costs, efficiency savings, an eagerness to expand and a strategic holding by Kestral opps fund, one really would expect more interest here. Additionally, falling inflation leads to an expectation of reduced financing costs within the time-frame of FY25.We can probably expect an update on basic progress for FY 2024 sometime later this month which should confirm whether or not we remain on track as forecast in the outlook given in the last interim report - "The Board expects to commence FY25 at least in line with its prior expectations. With the integration of the recent acquisitions complete, FY25 will see the return of healthy EBITDA margins approaching 25% and excellent cash generation, both of which are driven by high levels of recurring revenues underpinned by long term customer contracts.". This prospect is hardly recognised in the current valuation. Is RCN one of the many smaller companies being unfairly held back by a moribund UK market? |
Posted at 11/1/2024 18:59 by petewy Redcentric plc (AIM:RCN) Kestrel Partners LLP ("Kestrel") that on 08 January 2024 and 09 January 2024 it purchased, on behalf of its discretionary client accounts, an aggregate of 16,144 ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company at an average price of £1.2635 per Ordinary Share.Mr Oliver Scott is a partner of, and holds a beneficial interest in, Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Redcentric. |
Posted at 22/11/2023 15:07 by fgump For all its transformation and the guidance of kestrel, the share price is now lower than it was three years ago. I guess that's why they feel they need to join the board. It seems to me that the market remains unconvinced by the story and at the very least the value of the sungard deal. |
Posted at 22/11/2023 10:14 by simon gordon Was a downgrade for FY24. Kestrel joining the BoD probably means they are unhappy about the share price performance. |
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